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Drill Results

Peloton Stakes 200 Additional Claims at the North Elko Lithium Project Bringing the Total Ground Position to 53 Square Kilometers or 20 Square Miles

By The Northwire Desk — AI Analysis Feb 03, 2026 · 08:00 PMC · 0.105 Peloton Minerals Corporation
PMC · Price

Executive Summary

  • Peloton Minerals staked an additional 200 mineral claims at its North Elko Lithium Project (NELP), increasing total coverage to 642 claims (~53 km²).
  • Recent drilling adjacent to Bell Canyon Road returned strong lithium grades, with the bottom 155 ft averaging 618 ppm Li and the deepest sample measuring 1,150 ppm Li.
  • All four drill holes to date showed consistent cesium (77 ppm) and rubidium (121 ppm) assays, prompting planned metallurgical work on these critical elements.

Key Details

  • Claim Expansion: 200 new claims added; total now 642 claims (53 km² / 20 sq mi).
  • Location: Claims contiguous with the former southern boundary of NELP, fully covering Bell Canyon and Bell Canyon Road.
  • Drilling Highlight: One hole beside western Bell Canyon Road:
  • Bottom 155 ft average lithium concentration: 618 ppm.
  • Deepest sample lithium concentration: 1,150 ppm.
  • Hole terminated in claystone mineralization; deeper drilling planned for next program.
  • Geophysical Context: Site selected based on proximity to NW‑oriented lithium zone discovered by Surge Battery Metals on adjacent property, tTEM surveys, and historic 1965 water‑well drill logs showing similar clay sequences.
  • Cesium & Rubidium Results: Across four widely spaced holes (7 km × 3.5 km):
  • Average cesium: 77 ppm.
  • Average rubidium: 121 ppm.
  • Consistent assays from top to bottom of all drill cores.
  • Future Work Plan:
  • Winter study phase combining airborne, surface, and subsurface datasets to refine summer follow‑on drill targets.
  • First‑pass metallurgical testing to assess recoverability of cesium and rubidium.
  • Detailed work plan to be released after winter studies are finalized.
  • Qualified Person: Dr. Richard C. Capps, PhD (Senior Geologist & Director) has approved all technical information under NI 43‑101.

Notable Quotes

“The new claim position and recent drill results reinforce the significant lithium potential at NELP and provide a strong foundation for our upcoming summer drilling program.” – Edward (Ted) Ellwood, MBA, President & CEO, Peloton Minerals Corporation.

Read the original news release →

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Peloton acquires 200 claims by staking at North Elko

Drill Results Mar 16, 2026 · 08:00

Peloton has Registered 200 Additional Claims to Cover a Large Underlying Clay Layer Shown to be Mineralized by Recent Drilling

Drill Results Mar 13, 2026 · 19:07

Peloton corrects cesium assay disclosure in Jan. 28 NR

Drill Results Mar 13, 2026 · 17:45

Peloton Clarifies Certain Assay Results.

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